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I really hope that this revelation of the mishandling of foreclosures will provide a “loophole” for them to finally be able to put those criminals in prison. So far, all the lawsuits against those banks who perpetrated the mortgage fraud have been unsuccessful. Wells Fargo, in particular, got away with murder after waging a subprime campaign on minority neighborhoods, leaving them in shambles as a result of foreclosures.

The banking giant Wells Fargo has agreed to modify over 8,700 mortgages to settle claims it deceptively pushed crippling loans on borrowers in eight states. Under the deal, Wells Fargo will spend over $770 million to restructure the loans over a three-year period. Despite admitting to misleading customers, Wells Fargo also announced it won’t stop foreclosures and will proceed with evictions.

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